Browsing Tag
Warren Cheesman
2 posts
Why CVD Equipment is halving staff despite $23.5m cash and no debt
CVD Equipment Corporation is cutting its workforce by approximately half and ending the pursuit of new equipment-system orders after weakening bookings and shrinking backlog made its existing manufacturing model unsustainable, while longtime manufacturing executive Warren Cheesman takes over as acting CEO.
CVD Equipment is cutting its workforce in half. Why is it abandoning new system orders altogether?
CVD Equipment is reducing its workforce by approximately half, stopping new system orders and replacing CEO Emmanuel Lakios as weak bookings force the semiconductor-equipment supplier into a much smaller spare-parts and services model.